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I think Surf and Prof Logic both got game misconducts and got permanently banned from here. Surf is definitely not on one of his "vacations" (Vacation = suffered massive loss and need to hide). While his posts were very entertaining, his "report" was beyond old. Same old thing over and over. I...

I ran into some "traders" at my firm in the late 90's/2000 who thought they were trying out for a role in Boiler Room II. Once trading got a bit tough they were shown the exit. Bunch of clowns.

Covel's book is very similar to Mkt wizards in a lot of ways, so if you feel that those books are must reads/great books, you should feel the same about Trend Following. A lot of his book is excepts taken directly from some very famous/best traders. I don't think TF is a book where Covel is...

You're welcome. I didn't understand why the doctor guy went after you. I looked at his site. Seems like a bunch of scientists who developed some HFT strategy. Good luck to them......hopefully the SEC doesn't do away with HFT trading, or they will have to work on some other strategy. Curious to...

Yeah..these dopey sites with guys trading Dow Futures for 5 ticks are the bottom of the barrel. 99.9% of the people who join these sites (and the people teaching on them) will never make it. Too many new traders want the "holy grail"...some system that will make them money with little to no...

Back in the days before there were HFT and Algo traders, scalping for a tick here and there was beyond tough. Guys I knew who were great at reading the tape/TT/order book were a few at best. Back then you had a shot when the size on a bid meant something. Now...forget about what you see in a...

I hear ya.....I think we are talking about different things. You are talking about investing with a hedge fund, I am talking about traders at a big prop firm.

Draw downs....absolutely. Sharpe Ratio.....not that I know of. The firms I know of that back guys with anywhere from 5-20 mil never mention sharp ratios.

" My response would be: the futures prop firm would take the pussified conservative type over the gunslinger every time - and ask him to trade 500 lots instead of one lots." Bingo...this is so true. I have worked for some of the bigger prop firms in the past that used to push guys to do...

I have never heard of any trading firm asking for a sharpe ratio. At the end of the day most real prop firms look for guys who have strategies that work in all markets (not just a one trick pony in a 40 or higher vix). While trading in a volatile mkt will offer a lot more opportunities, you have...

I am not familiar with Covel's trading systems he sells and really don't pay attention to systems often. But while trading for a hedge fund yrs ago, the fund mgr I worked with did implement outside strategies/systems offered by others. A few of them were TF strategies, and the results over time...

If you can get the job with Chopper, that is by far the best option of all 3. Like Mav said, they are a top firm in Chicago. But forget about a nice work/life balance. You will work long hours there, and I believe the new guys hired are clerks for at least 18 months working the overnight shift...

+1

So let me get this straight. The biggest whining crybaby ever to post on ET starts a thread "Tired of all the Cry Babies on this site". Hilarious coming from the record spinning failed trader who never shuts the fuck up on here. For a guy so successful he sure whines a lot.

Man.....I guess you saw what just went on in Surf's thread. Don't blame ya for booting them. That was crazy.

Having ideas and teaching others is his strong point. But trading is not.The guy is very smart and thinks way outside the box, which is very good.... But our ongoing debate for the last 5 yrs isn't about how smart he is, it's about you thinking he is a great trader....which he is far from. He...

Again, that has zero to do with him being beyond over leveraged and putting on positions that he knew could cause his implosion. He was caught short puts during a huge move down.....plain and simple...he lost. The floor guys did not put a gun to his head and make him put on the trade. As far...

So he lost all his investors money twice, but did very well with his own outside money? That's not something one would brag about...or even mention.

Blaming the floor traders for his loss. Puleeeeeeeeze. Do not go there Surf. That whole whining episode by VN was sad. Like many other losing traders they point the finger at everyone else for their failure. He put on himself in that position to get obliterated...nobody forced anything...

Surf.....a trader who blows out/loses everything is a failure. There is no room for error here. What makes VN's situation so bad is he did it twice.The guy is a genius and beyond smart, but being smart and a great trader are two very different things. Explain to me how he is net positive...